Why Is Inflation So Sticky? It Could Be Corporate Profits
Inflation has proved more stubborn than central banks bargained for when prices started surging two years ago. Now some economists...
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China’s EV Makers Outshine Global Rivals, but a Rocky Road Lies Ahead
Local brands juggle price war with need to increase production. Now, the foreign car makers want their market share back....
U.K. Inflation Stays Above 10%, Raising Prospect of Further Interest-Rate Increases
Food prices rose at the highest pace in decades. A combination of persistent price increases and rising wages sets the...
Ford Raises Price Again on Electric F-150 Lightning Truck
BusinessAutos & TransportationAutos IndustryAuto maker resumes full production of the truck after addressing a battery issue Source link
U.K. Inflation Resumes Its Rise, Defying Expectations
Price increases in February picked up to 10.4% from 10.1% in January as the cost of food rose at the...
Justice Department Sues to Block JetBlue From Buying Spirit Airlines
BusinessComplaint alleges the deal would eliminate Spirit as a low-cost competitor to major carriers Source link
Biden Administration to Cut Mortgage Insurance Costs for Lower-Income Buyers
PoliticsFederal Housing Administration will reduce the annual fee borrowers pay for its insurance by about $800 Source link
Facebook Parent Launching ‘Meta Verified’ Subscription Service
Meta Platforms plans to test “Meta Verified,” starting at $11.99 a month, in Australia and New Zealand. Source link
Tesla Nudges Up Model Y Prices
Tesla has raised prices in the U.S. for its Model Y SUV. Source link
Amazon Raises Price Minimum for Free Online Grocery Delivery
BusinessPrime members will have to spend over $150 for free delivery on Amazon Fresh orders, up from $35 Source link
Amazon Launches $5-a-Month Prescription Drug Plan in Further Healthcare Push
The new Prime membership benefit, dubbed RxPass, will offer unlimited access to commonly prescribed generic medications. Source link
China’s Reopening Complicates Global Fight Against Inflation
A stronger Chinese economy would boost demand for commodities but could also ease supply-chain bottlenecks—resulting in mixed signals for central...
Consumer Prices Plateau as Inflation Slows to Prepandemic Levels
After a period of steep inflation, Americans have seen monthly price growth ease, but when will things get back to...
Egg Prices Have Soared 60% in a Year. Here Is Why They Are So Expensive.
The avian flu outbreak keeps the egg supply tight as inflation rises. Source link
U.S., Allies Prepare Fresh Sanctions on Russian Oil Industry
Treasury officials are in Europe this week discussing price caps that go into effect next month. Source link
China’s EV Sales Broke Record in 2022 as Overall Auto Market Stalled
Rising retail demand for electric and plug-in hybrid vehicles boosted the auto market as traditional-car sales slipped 13%. Source link
Beer Sales Drop as Consumers Balk at Higher Prices
BusinessU.S. demand for beer fell at the end of last year after a strong run of defying inflation Source link
Russia Bans Sales of Oil to Countries Imposing Price Cap
The action follows moves by the Group of Seven nations barring Western companies from insuring, financing or shipping Russian crude...
Retailers Need a Last-Minute Holiday Gift From Shoppers
Discounts are back as stores try to entice cost-conscious customers. The strategy hinges on a final flurry of shopping this...
Tesla Doubles Discounts on Model 3, Model Y Vehicles
The move has fueled concern that demand for the electric vehicles may be softening. Tesla’s shares are down about 9%...
